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FHA.com is a private company, is not a government agency, and does not make loans.

Loan Officer

Related Terms: Lender, Mortgage Banker

Your loan officer is an employee of the bank or lending company where you are applying for mortgage. He/She looks for home loan solutions for you from within options available at the company he works for. They go by many names, including mortgage bankers, mortgage consultants, etc.

Though the names are often interchangeable, it is important to remember the difference between a loan officer and a mortgage broker. Your loan officer specializes in the mortgage options that his/her company offers and works to match you to the best one.

A mortgage broker does the same job, except that he/she is independent of a bank or lender, and has knowledge of mortgages offered by many different companies. The broker has relationships with many different lending institutions and understands what they all offer in order to find the best loan for each borrower.

Both mortgage brokers and loan officers require certain information from you in order to do this. They are your direct point of contact while filling out the loan application, and pull your credit report to find the best option for you.

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FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!

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FHA.com is not a government agency. We do not offer or have any affiliation with loan modification, foreclosure prevention, payday loan, or short term loan services. Neither FHA.com nor its advertisers charge a fee or require anything other than a submission of qualifying information for comparison shopping ads. We do not ask users to surrender or transfer title. We do not ask users to bypass their lender. We encourage users to contact their lawyers, credit counselors, lenders, and housing counselors.